Signaturefd LLC Sells 369 Shares of Raymond James (NYSE:RJF)

Signaturefd LLC decreased its position in Raymond James (NYSE:RJF) by 4.4% during the 3rd quarter, Holdings Channel reports. The firm owned 7,972 shares of the financial services provider’s stock after selling 369 shares during the period. Signaturefd LLC’s holdings in Raymond James were worth $976,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in Raymond James by 0.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 123,098 shares of the financial services provider’s stock worth $15,075,000 after acquiring an additional 493 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Raymond James by 33.7% during the third quarter. Blue Trust Inc. now owns 4,694 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 1,184 shares during the period. Net Worth Advisory Group bought a new stake in shares of Raymond James in the third quarter worth about $542,000. V Square Quantitative Management LLC increased its holdings in Raymond James by 20.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,971 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 855 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Raymond James by 1.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,797 shares of the financial services provider’s stock valued at $2,547,000 after purchasing an additional 332 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RJF. JMP Securities raised Raymond James from a “market perform” rating to a “market outperform” rating and set a $146.00 target price on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price objective on shares of Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, October 4th. UBS Group decreased their price objective on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. reduced their price target on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Wolfe Research restated a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $133.36.

Raymond James Price Performance

Shares of NYSE:RJF opened at $137.36 on Thursday. The company has a market capitalization of $28.29 billion, a PE ratio of 15.49, a PEG ratio of 0.96 and a beta of 1.02. The business has a fifty day moving average price of $122.56 and a 200-day moving average price of $120.96. Raymond James has a 1-year low of $91.67 and a 1-year high of $139.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.08. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.24 billion. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 earnings per share. As a group, equities analysts expect that Raymond James will post 9.55 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 1.31%. Raymond James’s dividend payout ratio is 20.29%.

Insiders Place Their Bets

In related news, CEO Tashtego S. Elwyn sold 31,277 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the sale, the chief executive officer now directly owns 35,380 shares of the company’s stock, valued at $3,879,063.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Bella Loykhter Allaire sold 17,363 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total value of $1,996,745.00. Following the sale, the executive vice president now owns 75,586 shares in the company, valued at approximately $8,692,390. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tashtego S. Elwyn sold 31,277 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the sale, the chief executive officer now owns 35,380 shares of the company’s stock, valued at approximately $3,879,063.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company’s stock.

Raymond James Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.